The Commission announced that on October 25, 2010, the Honorable John E. Steele, United States District Court Judge for the Middle District of Florida, entered judgments of permanent injunction and other relief against Defendants Bimini Reef Real Estate, Inc., Christopher L. Astrom, Riverview Capital Inc. and Damian B. Guthrie (collectively, Defendants). The final judgments enjoin Defendants from violating Sections 5(a) and 5(c) of the Securities Act of 1933. In addition to injunctive relief, the judgments order the Defendants to pay disgorgement, prejudgment interest and civil penalties, in amounts to be determined at a later date. Astrom and Guthrie are also barred from participating in the offering of any penny stock. The Defendants consented to the entry of the judgments without admitting or denying any of the allegations in the complaint.

On September 20, 2010, the Commission filed its complaint against the Defendants and others alleging that they violated the registration provisions of the federal securities laws.

For more information on earlier actions in this case, see LR-21656 (Sept. 20, 2010).